A number of Tax Simplification Measures have been proposed in the Union Budget of 2024-2025 including, A comprehensive review of the Income Tax Act 1961 in the next six months to make it concise and lucid and provide tax certainty and reduce disputes and litigation. Read More …
Tag: GS Paper 3
Government Approved Various Disaster Mitigation and Capacity Building Projects
Context Recently a high-level committee headed by the Union Home Minister approved several disaster mitigation and capacity building projects for various states that include combating urban flooding and checking glacial lake outburst floods. About The committee accepted nine proposals for Read More …
Budget for National Mission on Natural Farming
Context Recently the Finance Ministry has allocated Rs 365.64 crore for the National Mission on Natural Farming for 2024-25. About This farming technique was delivered by Masanobu Fukuoka, a Japanese farmer and truth seeker, in his 1975 e book The One-Straw Read More …
Government Launches Revamped Model Skill Loan Scheme
The Ministry of Skill Development and Entrepreneurship (MSDE) launched a revamped ‘model skill loan scheme’ for skill development courses with a fresh maximum loan limit of Rs 7.5 lakh backed by a government-promoted fund. Previously, the maximum loan amount was ₹1.5 lakh. Read More …
India’s Illegal Coal Mining Problem
The recent incident where three workers died of asphyxiation inside an illegal coal mine in Gujarat’s Surendranagar district, underscores the severe lack of safety measures in unauthorised mining operations. Workers were found to be operating without essential safety gear such as helmets and masks, reflecting the Read More …
State of the World’s Forests 2024
Recently, the Food and Agriculture Organization (FAO) has released the 2024 edition of the State of the World’s Forests Report. Key Highlights of the Report Decline in Deforestation Rates: The report shows a significant drop in global deforestation rates. Annual deforestation fell Read More …
Budget’s Big MSME Push
The Union Finance Minister proposed various specific measures in support of Micro, Small and Medium Enterprises (MSMEs). The MSMEs are part of the four major themes in the Budget. The union budget 2024-25 has four big themes—employment, skilling, MSME and the middle class. Read More …
SC Ruling: States’ Autonomy in Taxing Mineral-Rich Lands
Context The SC has made a historic judgement that basically means that states have absolute freedom to charge on mineral rich acreages. Policy assertion of this nature is of tremendous importance for the mining industry, state governments, and the entirety Read More …
Budget 2024 for education and employment
Context The Union Budget for 2024-25 aims to provide ₹1.48 lakh crore for education, employment and skilling in the country. About The budget’s emphasis on education, employment, and skilling reflects the government’s commitment to building a robust and inclusive economy. Read More …
Insolvency and Bankruptcy Code (IBC) in India
Context The Finance Minister has recently proposed to set up an integrated technology platform to improve the outcomes under the Insolvency and Bankruptcy Code (IBC). About The Union Minister also proposed the establishment of additional tribunals out of which, a Read More …